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Mutual Fund and ETF data provided by <a href="https://lipperalpha.refinitiv.com/" data-omtr-intcmp="topnav_more_refinitive_info">Refinitiv Lipper</a>. <br>President-elect Trump announced the Gulf of Mexico name change plan during remarks on Tuesday.<br>Mexican President Claudia Sheinbaum chided <a href="https://www.foxnews.com/category/person/donald-trump" target="_blank" rel="noopener">President-elect Trump</a> for saying he plans to rename the Gulf of Mexico, saying she has a new name for the United States. <br>"Mexican America. That sounds nice," Sheinbaum quipped Wednesday in Mexico City during a press conference, Reuters reported. <br>Sheinbaum cited a map from 1607 during the press conference and was joined <a href="https://www.foxnews.com/category/world/world-regions/location-mexico" target="_blank" rel="noopener">by Mexico’s former culture</a> minister, Jose Alfonso Suarez del Real.<br>"The fact is that Mexican America is recognized since the 17th century... as the name for the whole northern part of the (American) continent," Suarez del Real said, pointing to the map. <br><a href="https://www.foxnews.com/politics/beautiful-name-trump-announces-gulf-mexico-get-new-pro-america-revamp" target="_blank" rel="noopener"><strong>'BEAUTIFUL NAME': TRUMP ANNOUNCES GULF OF MEXICO WILL GET NEW, PRO-AMERICA REVAMP</strong></a><br><span>Mexican President Claudia Sheinbaum shows a 1661 world map showing the Americas and the Gulf of Mexico in response to U.S. President-elect Trump's comments about renaming the body of water during a press conference at the National Palace in Mexico City on Wednesday. </span> <span>(Presidencia de Mexico/Handout via Reuters)</span><br>Sheinbaum’s remark followed Trump holding his own press conference Tuesday, where he made a series of announcements and further previewed his upcoming second administration, including saying he plans to rename the Gulf of Mexico. <br>"We have a massive deficit with Mexico, and we help Mexico a lot. They're essentially run by the cartels, and can't let that happen, because Mexico is really in trouble, a lot of trouble. Very dangerous place," Trump said during the press conference. <br><a href="https://www.foxnews.com/politics/donald-trump-jr-takes-personal-trip-greenland-after-president-elect-floats-purchasing-country" target="_blank" rel="noopener"><strong><u>DONALD TRUMP JR. TAKES PERSONAL TRIP TO GREENLAND AFTER PRESIDENT-ELECT FLOATS PURCHASING COUNTRY</u></strong></a><br><span>President-elect Trump speaks during a news conference at Mar-a-Lago in Palm Beach, Florida, on Tuesday.</span> <span>(AP Photo/Evan Vucci)</span><br>"We're going to be changing the name of the Gulf of Mexico to the Gulf of America, which has a beautiful ring. That covers a lot of territory," Trump said Tuesday. "The Gulf of America. What a beautiful name. And it's appropriate."<br><span>Gulf of Mexico 1690 </span> <span>(Picturenow/Universal Images Group via Getty Images)</span><br><a href="https://www.foxnews.com/category/world/world-regions/location-mexico" target="_blank" rel="noopener"><u>The Gulf of Mexico </u></a>is a partly enclosed sea that borders states such as Texas, Louisiana, Mississippi, Alabama and Florida, as well as Mexico and the northwestern portion of Cuba. Trump did not elaborate on how or when he will rename the body of water. Instead, he switched gears to the immigration woes in the U.S. under the Biden White House. <br><a href="https://www.foxnews.com/politics/mexico-disperses-migrant-caravans-heading-us-ahead-trump-inauguration" target="_blank" rel="noopener"><strong>MEXICO DISPERSES MIGRANT CARAVANS HEADING TO US AHEAD OF TRUMP INAUGURATION</strong></a><br>"Mexico has to stop allowing millions <a href="https://www.foxnews.com/category/us/immigration" target="_blank" rel="noopener">of people to pour into our country</a>. They can stop them, and we’re going to put very serious tariffs on Mexico and Canada, because Canada, they come through Canada, too. And the drugs that are coming through are at record numbers," Trump said. <br><span>Mexico's President Claudia Sheinbaum speaks during a press conference at the National Palace in Mexico City on Wednesday.</span> <span>(Reuters/Henry Romero)</span><br>Sheinbaum pushed back on Trump’s comment that Mexico is essentially "run by cartels," responding that the "people are in charge" of the nation. <br>Sheinbaum added during the press conference that she expects the U.S. and Mexico will have a "good relationship" during the second Trump administration. <br><a href="https://www.foxnews.com/apps-products" target="_blank" rel="noopener"><strong><u>CLICK HERE TO GET THE FOX NEWS APP</u></strong></a><br>"I think there <a href="https://www.foxnews.com/politics" target="_blank" rel="noopener">will be a good relationship</a>," she said. "President Trump has his way of communicating."<br>Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content.<br>By entering your email and clicking the Subscribe button, you agree to the Fox News <a href="https://www.foxnews.com/privacy-policy">Privacy Policy</a> and <a href="https://www.foxnews.com/terms-of-use">Terms of Use</a>, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.<br>Subscribed<br> You've successfully subscribed to this newsletter! <br> This material may not be published, broadcast, rewritten, or redistributed. ©2025 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by <a href="https://www.factset.com/" data-omtr-intcmp="footer_factset">Factset</a>. 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